Pacer Advisors Inc. Sells 454,904 Shares of Builders FirstSource, Inc. $BLDR

Pacer Advisors Inc. lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 98.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,163 shares of the company’s stock after selling 454,904 shares during the period. Pacer Advisors Inc.’s holdings in Builders FirstSource were worth $754,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Daiwa Securities Group Inc. grew its stake in shares of Builders FirstSource by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after buying an additional 78 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Builders FirstSource by 2.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after purchasing an additional 100 shares in the last quarter. Moors & Cabot Inc. grew its position in Builders FirstSource by 1.5% in the 4th quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock valued at $760,000 after purchasing an additional 109 shares during the period. Root Financial Partners LLC increased its stake in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Builders FirstSource by 5.9% during the third quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock worth $275,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. Loop Capital cut their price objective on shares of Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. Truist Financial dropped their price target on shares of Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource Trading Down 3.6%

Shares of BLDR opened at $71.97 on Tuesday. The firm has a 50 day moving average price of $76.69 and a 200-day moving average price of $87.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 79.09, a PEG ratio of 2.42 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the business posted $2.38 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

Builders FirstSource announced that its board has approved a stock buyback program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.